DREADNOUGHT RESOURCES LTD — Interim / Quarterly Report 2015

Nov 1, 2015

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Australian Securities Exchange Announcement

2 November 2015

ASX Market Announcements Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam,

Correction – Appendix 5B

Please find attached a correction to the Appendix 5B lodged on 30 October 2015 in relation to estimated cash outflows for next quarter.

The Appendix 5B contains a clerical error in 4.1 and 4.4. The estimated outflows for exploration and evaluation was noted as 41,000 when in fact it should be 41 and estimated outflows for administration was noted as 33,000 when in fact it should be 33.

A revised version of the Appendix 5B is attached.

Yours sincerely,

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Kaitlin Smith

Company Secretary

Tychean Resources Limited ACN 119 031 864 | Level 3, 100 Pirie Street, Adelaide SA 5000 | Phone 61 8 7324 3195| Fax 61 8 8312 5576| Email info@tycheanresources.com | web www.tycheanresources.com

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013

Name of entity

TYCHEAN RESOURCES LIMITED

ABN 40 119 031 864

Quarter ended (“current quarter”) 30 September 2015

Consolidated statement of cash flows

Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material) R&D Tax Concession Net Operating Cash Flows	Current quarter $A’000	Year to date (3 months) $A’000
	(307) (112) 48	(307) (112) 48
	371	371
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other (provide details if material) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)	220 1	220 1
	221	221
	(150)	(150)

• See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 1

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	(150)	(150)
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (provide details if material) Net financing cash flows	150	150
	150	150
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end ofquarter	- 102 -	- 102 -
	102	102

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

1.23 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A'000
		8
1.25	Explanation necessaryfor an understandingof the transactions

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

2.2	Details of outlays made by other entities to establish or increase their share in projects in which the reportingentityhas an interest

• See chapter 19 for defined terms.

Appendix 5B Page 2

01/05/2013

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

• 3.1 Loan facilities 3.2 Credit standby arrangements

Amount available $A’000	Amount used $A’000

Estimated cash outflows for next quarter

4.1 4.2 4.3 4.4	Exploration and evaluation Development Production Administration	$A’000
		41
		33
	Total	74

• 4.1 Exploration and evaluation

• 4.2 Development

• 4.3 Production

• 4.4 Administration

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current quarter $A’000	Previous quarter $A’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details)	102	102
Total: cash at end of quarter(item 1.22)	102	102

• See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 3

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Changes in interests in mining tenements and petroleum tenements

6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed	Tenement reference and location	Nature of interest (note (2))	Interest at beginning ofquarter	Interest at end of quarter
	M15/1475 Eagles Nest E15/967 Kambalda West E15/968 Kambalda West L15/128 Kambalda West L15/255 Kambalda West M15/395 Kambalda West M15/703 Kambalda West P15/5860 Kambalda West P15/4884 Kambalda West P15/4885 Kambalda West P15/4963 Kambalda West M15/1448 Hilditch M15/1449 Larkinville P15/5912 Villa Deste M15/1101 Wattle Dam M15/1263 Wattle Dam M15/1264 Wattle Dam M15/1323 Wattle Dam M15/1338 Wattle Dam * M15/1474 Wattle Dam *	Holder Holder – No Ni rights Holder – No Ni rights Holder – No Ni rights Holder – No Ni rights Holder – No Ni rights Holder – No Ni rights Holder – No Ni rights Holder – No Ni rights Holder – No Ni rights Holder – No Ni rights Holder Holder Holder Holder Holder Holder Holder Holder Holder	100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 90% 75% (80% Ni rights) 75% (80% Ni rights) 100% (80% Ni rights) 100% (80% Ni rights) 100% (80% Ni rights) 100% (80% Ni rights) 100% (80% Ni rights)	75% 75% 75% 75% 75% 75% 75% 75% 75% 75% 75% 67.5% 56.25% (60% Ni rights) 56.25% (60% Ni rights) 75% (60% Ni rights) 75% (60% Ni rights) 75% (60% Ni rights) 75% (60% Ni rights) 75% (60% Ni rights) 75% (60% Ni rights)

• See chapter 19 for defined terms.

Appendix 5B Page 4

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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

6.1 Cont. Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements and petroleum tenements acquired or increased	Tenement reference and location	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
	M15/1769 Wattle Dam M15/1770 Wattle Dam 15/1771 Wattle Dam M15/1772 Wattle Dam M15/1773 Wattle Dam M15/1774 Wattle Dam M15/1775 Wattle Dam M15/1776 Wattle Dam P15/5953 Logan Dam M15/97 North Widgie M15/99 North Widgie M15/100 North Widgie M15/101 North Widgie M15/102 North Widgie M15/653 North Widgie * M151271 North Widgie *	Holder Holder Holder Holder Holder Holder Holder Holder Holder Salt Lake Mining Ltd - Holder Salt Lake Mining Ltd - Holder Salt Lake Mining Ltd - Holder Salt Lake Mining Ltd - Holder Salt Lake Mining Ltd - Holder Salt Lake Mining Ltd - Holder Salt Lake Mining Ltd – Holder	100% (80% Ni rights) 100% (80% Ni rights) 100% (80% Ni rights) 100% (80% Ni rights 100% (80% Ni rights) 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%	75% (60% Ni rights) 75% (60% Ni rights) 75% (60% Ni rights) 75% (60% Ni rights) 75% (60% Ni rights) 75% 75% 75% 75% 75% 75% 75% 75% 75% 75% 75%
	* Relevant Change in interest pursuant to Spargoville Farm-in agreement with Maximus Resources Limited.

• See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 5

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

	Total number	Number quoted	Issue price per security (see note3) (cents)	Amount paid up per security (see note3) (cents)
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs, redemptions
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs	2,506,584,438	2,506,584,438
	75,000,000 91,950	75,000,000 91,950	$0.002 $0.004	Fully Paid Fully Paid
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	167,697,806	167,697,806	Exercise price $0.004	Expiry date 4 June 2016
	91,950	91,950	$0.004	4 June 2016
7.11 Debentures (totals only)
7.12 Unsecured notes(totals only)

• See chapter 19 for defined terms.

Appendix 5B Page 6

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).

• 2 This statement does /does not* (delete one) give a true and fair view of the matters disclosed.

Sign here: ..................................................... (Director/Company secretary)

Date: 30 October 2015.

Kaitlin Smith

Print name:

…..................................................

Notes

• 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

• 2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

• 4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

• See chapter 19 for defined terms.

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